Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) Short Interest Update

Paramount Gold Nevada Corp. (NYSEAMERICAN:PZG) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 70,100 shares, a drop of 27.7% from the January 31st total of 97,000 shares. Based on an average daily trading volume, of 114,100 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Paramount Gold Nevada

Several hedge funds have recently made changes to their positions in PZG. Geode Capital Management LLC grew its holdings in Paramount Gold Nevada by 57.5% in the third quarter. Geode Capital Management LLC now owns 539,967 shares of the basic materials company’s stock worth $218,000 after purchasing an additional 197,113 shares during the period. Sprott Inc. grew its stake in shares of Paramount Gold Nevada by 58.8% in the 4th quarter. Sprott Inc. now owns 1,751,883 shares of the basic materials company’s stock worth $599,000 after buying an additional 648,464 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in Paramount Gold Nevada during the 4th quarter valued at approximately $282,000. 4.51% of the stock is currently owned by institutional investors.

Paramount Gold Nevada Price Performance

PZG stock traded up $0.01 during trading on Wednesday, reaching $0.36. The company had a trading volume of 61,800 shares, compared to its average volume of 128,595. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.94 and a quick ratio of 8.94. Paramount Gold Nevada has a 52 week low of $0.31 and a 52 week high of $0.69. The company has a market cap of $24.59 million, a P/E ratio of -3.03 and a beta of 1.92.

Paramount Gold Nevada Company Profile

Paramount Gold Nevada Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of precious metal properties in the United States. The company primarily explores for gold and silver deposits. It holds principal interest in the Sleeper gold project, which comprises 2,474 unpatented mining claims totaling approximately 44,917 acres located in Humbolt County, Nevada.